Between January 1 and November 30, 2014, compared to the period from January 1 to November 30, 2013, the volume of construction work decreased, both as a gross series and as a series adjusted for the number of working days and seasonality, by 9.5% and 9.9%, respectively.
In November 2014, the volume of construction work increased compared to October 2014, both as a gross series and as a series adjusted for the number of working days and seasonality, by 13.1% and 5.8%, respectively.
Compared to the corresponding month of the previous year, the volume of construction work increased as a gross series by 2.2%, while as a series adjusted for the number of working days and seasonality, it decreased by 0.5%.
November 2014 compared to October 2014
In November 2014, the volume of construction work (gross series) increased by 13.1% compared to October 2014, with the growth highlighted as follows: capital repair works by 31.4%, maintenance and current repair works by 14.2%, and new construction works by 9.3%.
By construction object, non-residential buildings increased by 23.4% and civil engineering works by 13.2%. A decrease was recorded in residential buildings by 6.3%.
The volume of construction work, as a series adjusted for the number of working days and seasonality, in November 2014, compared to October 2014, recorded an increase of 5.8%.
By structural elements, increases were recorded as follows: capital repair works by 23.9%, maintenance and current repair works by 11.2%, and new construction works by 6.8%.
By construction object, non-residential buildings and civil engineering works increased by 13.1% and 10.2%, respectively. Residential buildings decreased by 13.8%.
November 2014 compared to November 2013
Compared to the corresponding month of the previous year, as a gross series, the volume of construction work increased by 2.2%. By structural elements, increases were recorded in maintenance and current repair works by 7.6% and in new construction works by 5.7%. Capital repair works decreased by 17.4%.
By construction object, the volume of construction work increased for residential buildings by 56.5% and for non-residential buildings by 30.0%. Civil engineering works decreased by 13.8%.
The volume of construction work, as a series adjusted for the number of working days and seasonality, in November 2014, compared to November 2013, decreased by 0.5%. By structural elements, a decrease was recorded in capital repair works by 16.8%. New construction works and maintenance and current repair works increased by 6.5% and 1.1%, respectively.
By construction object, the volume of construction work decreased for civil engineering works by 13.7%. Residential buildings and non-residential buildings increased by 64.2% and 29.4%, respectively.
Period January 1 – November 30, 2014 compared to the period January 1 – November 30, 2013
In the period from January 1 to November 30, 2014, compared to the period from January 1 to November 30, 2013, the volume of construction work, as a gross series, decreased by 9.5%. By structural elements, decreases were recorded as follows: capital repair works by 19.6%, maintenance and current repair works by 10.8%, and new construction works by 6.6%.
By construction object, the volume of construction work decreased for civil engineering works by 24.4%. Residential buildings and non-residential buildings increased by 35.7% and 11.4%, respectively.
In the period from January 1 to November 30, 2014, compared to the period from January 1 to November 30, 2013, the volume of construction work, as a series adjusted for the number of working days and seasonality, decreased by 9.9%, a decline highlighted as follows: capital repair works by 19.7%, maintenance and current repair works by 11.0%, and new construction works by 7.3%.
By construction object, civil engineering works decreased by 25.4%. Residential buildings and non-residential buildings increased by 36.4% and 10.3%, respectively.
Source: Imobiliare.Net
Frequently Asked Questions
By how much did construction volume decrease in 2014?
In the first 11 months of 2014, construction volume fell by 9.5% (gross series) and 9.9% (seasonally adjusted) compared to the same period in 2013.
Which construction sector saw the largest decline?
Civil engineering works experienced the most significant drop, decreasing by 24.4% in the January-November 2014 period.
Did any sectors show growth during this period?
Yes, residential buildings grew by 35.7% and non-residential buildings increased by 11.4% during the first 11 months of 2014.